Big tech has displaced older industries as the top five S&P 500 companies

In 2020 Apple, Microsoft, Amazon, Google and Facebook had a 21.7% share of the S&P 500

25%

20

15

10

1970s top five

IBM,

AT&T,

General Motors,

Standard Oil,

Eastman Kodak

2000s

General Electric,

Exxon Mobil,

Pfizer,

Cisco Systems,

Citigroup

5

0

1970

1980

1990

2000

2010

2020

25% share of S&P 500

In 2020 Apple, Microsoft, Amazon, Google and Facebook had a 21.7% share of the S&P 500

20

15

10

1980s

IBM,

AT&T,

Exxon,

Amoco,

Schlumberger

 

1990s

IBM,

Exxon Mobil,

General Electric,

Philip Morris,

Royal Dutch Shell

 

1970s top five

IBM,

AT&T,

General Motors,

Standard Oil,

Eastman Kodak

2000s

General Electric,

Exxon Mobil,

Pfizer,

Cisco Systems,

Citigroup

2010s

Exxon Mobil,

Apple

Microsoft

General Electric

Chevron

5

0

1970

1980

1990

2000

2010

2020

25% share of S&P 500

In 2020 Apple, Microsoft, Amazon, Google and Facebook had a 21.7% share of the S&P 500

20

15

10

1970s top five

IBM,

AT&T,

General Motors,

Standard Oil,

Eastman Kodak

1980s

IBM,

AT&T,

Exxon,

Amoco,

Schlumberger

 

2000s

General Electric,

Exxon Mobil,

Pfizer,

Cisco Systems,

Citigroup

2010s

Exxon Mobil,

Apple

Microsoft

General Electric

Chevron

1990s

IBM,

Exxon Mobil,

General Electric,

Philip Morris,

Royal Dutch Shell

 

5

0

1970

1980

1990

2000

2010

2020